German May Inflation Rate Confirmed at 15-Month High

German consumer price inflation rate stood at 2.2 percent year-on-year in May 2018, unchanged from the preliminary estimate and above the previous month's figure of 1.6 percent. It was the highest rate since February 2017, due to a jump in energy prices and a faster rise in cost of services and food.

Prices of goods rose 2.5 percent year-on-year in May, faster than a 1.6 percent advance in April, as cost of both energy and food rose at a faster pace. Prices also increased for newspapers and periodicals (4.6 percent), tobacco products (4.4 percent) and gardening products and consumer goods (3.7 percent). However, prices were down for some goods such as information processing equipment (-4.2 percent) and consumer electronics (-4.0 percent).

The harmonised index of consumer prices rose 2.2 percent from the previous year, and by 0.6 percent month-on-month.

Destatis | Rida | rida@tradingeconomics.com6/14/2018 9:43:43 AM

News

German Inflation Rate Drops to 11-Month Low
Germany's annual inflation rate is expected to ease further to 1.4 percent in January 2019 from 1.7 percent in the previous month and below market expectations of 1.6 percent. This would be the lowest inflation rate since February. Published on 2019-01-30

Germany December Inflation Confirmed at 8-Month Low
Germany's annual inflation rate slowed to an eight-month low of 1.7 percent in December 2018 from 2.3 percent in the previous month and in line with the preliminary estimates. Energy and food prices rose at a softer pace while services inflation was steady. Published on 2019-01-16

German Inflation Rate Falls to 8-Month Low
Germany's annual inflation rate is expected to ease to an eight-month low of 1.7 percent in December 2018 from 2.3 percent in the previous month and below market expectations of 1.9 percent. Prices of energy and food are set to rise at a slower pace while service inflation should be flat. Published on 2018-12-28

Germany Inflation Confirmed at 2.3% in November
Germany's annual inflation rate slowed to 2.3 percent in October 2018 from a ten year high of 2.5 percent in the previous month and in line with the preliminary estimates. Services and food inflation eased while energy inflation pick up.
Published on 2018-12-13